SQUAWK BOX, FRIDAY 5TH JANUARY, 2024

SQUAWK BOX, FRIDAY 5TH JANUARY, 2024

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Israel and Iran trade missile strikes

Israel and Iran have exchanged fire for the first time since April which pushes oil futures higher and potentially jeopardizing a peace agreement. The A.I. sell-off on Friday continues into the new week with South Korea’s KOSPI tripping circuit breakers. A stellar U.S. jobs print ...  Show more

SpaceX IPO roadshow launches

Bankers tap the extraordinary valuation of SpaceX ahead of its listing next week. Goldman Sachs has reportedly forecast a 100-fold revenue increase by 2030 for the company. However, S&P Dow Jones Indices has ruled out a fast-track to the S&P 500, diverging from rivals Nasdaq. The ...  Show more

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Strong US jobs data hammers the recession 'optimism'
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Troy Gayeski, chief market strategist at FS Investments, says don’t wait until May to flee the stock market rally—get out now. He joined the What Goes Up podcast to explain why he’s expecting the S&P 500 to bottom out at around 3,200, a roughly 22% drop from current levels. “Firs ...  Show more